Horizon Air Pilots Ratify 6-Year Contract
On Wednesday, Alaska Air Group subsidiary Horizon Airlines and the International Brotherhood of Teamsters announced that Horizon's pilots union, which the Teamsters represent, has approved an extension to its collective bargaining agreement.
The agreement extends the pilots' previous contract, which was signed in November 2010. It fixes the terms of employment for six years, running through Dec. 14, 2018, and provides for "wage increases, improvements in productivity and quality of life, and better job security," the parties said in a statement.
Alaska Air shares are up 0.5% on the news at $46.22.
The article Horizon Air Pilots Ratify 6-Year Contract originally appeared on Fool.com.Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.